The Real Deal New York

TF Cornerstone tweaks Hunter’s Point project after discovering Amtrak tunnel

Developer is adding a 600-seat school to the project

May 03, 2016 04:00PM

hunters

From left: Tom Elghanayan, Frederick Elghanayan of TF Cornerstone and rendering of Hunters Point South project

TF Cornerstone is tweaking its plans for a housing complex in Queens after discovering that an Amtrak tunnel and power lines run underneath the city-owned project site.

The developer added a 600-seat school to its planned Hunter’s Point South apartment complex, Crain’s reported. TF Cornerstone, run by brothers K. Thomas and Frederick Elghanayan, initially planned to build a culture or education center in a separate building nearby its proposed 1,197-unit apartment complex, but the developer redesigned its project after learning of the tunnel and power lines. Local officials also urged the change due to a lack of schools in the area, the website reported.

The developer has been working with Amtrak and the New York Power Authority to make sure that construction doesn’t damage the existing infrastructure. The project isn’t expected to get off the ground for at least another year.

This is the second phase of the massive Hunter’s Point South project, which is expected to bring some 5,000 new apartments to the area. Related Companies is the developer for the first phase of the project, which includes two apartment towers for low- and moderate-income families. [Crain’s] — Kathryn Brenzel

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